OPTIMAL LAND CONVERSION AT THE RURAL-URBAN FRINGE WITH POSITIVE AND NEGATIVE AGRICULTURAL EXTERNALITIES

Peterson, Jeffrey M.; Boisvert, Richard N.

doi:10.22004/ag.econ.21722

OPTIMAL LAND CONVERSION AT THE RURAL-URBAN FRINGE WITH POSITIVE AND NEGATIVE AGRICULTURAL EXTERNALITIES

Peterson, Jeffrey M. ; Boisvert, Richard N.

Bid-rent curves are incorporated in a stochastic dynamic programming model of land development around a city when farmland generates both positive and negative externalities. The model delineates how the quantities of land in various uses over time should depend on the relative social weights assigned to the competing agricultural externalities.

Subject(s):

Land Economics/Use

Issue Date:

2000

Publication Type:

Conference Paper/ Presentation

DOI and Other Identifiers:

10.22004/ag.econ.21722

Record Identifier:

https://ageconsearch.umn.edu/record/21722

PURL Identifier:

http://purl.umn.edu/21722